Rupee hits fresh record low against US dollar

Published Date :
13-Aug-2018 10:27:02 IST

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The Indian rupee on Monday slumped to a fresh record low against the US dollar as emerging-market currencies weakened amid concern over the risk of contagion from Turkey’s financial-market turmoil. At 9.13am, the rupee was trading at 69.46 a dollar, down 0.9% from its previous close of 68.84. The currency opened at 69.49 a dollar and touched an all time low of 69.49. Turkey’s lira tumbles as much as 12.5% against the dollar as the nation heads for a full-blown financial crisis.